Customer feedback & Ideas for IRIS

Suggest & prioritise ideas for our customer-driven roadmap

The ability to segregate FHL from other property income on CT600

CT losses from FHL can only be offset against future FHL profits but where a company has both FHL income and other property rentals Taxfiler currently consolidates the two sources (because all property income goes on the same tab) meaning that any FHL losses are automatically offset against other property rental profits of the same period. This is incorrect but we are advised that there is currently no workaround.

  • Simon Carr
  • Jun 7 2022
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  • katrina smith commented
    3 Mar, 2023 09:57am

    Same for Business Tax, also FHL entered as a trade in order to maintain separate Capital Allowances calculations but then has to be manually removed from the trade section to the Land & Buildings section. Seems messy, is there any movement on the software being able to deal with this?